AMC Entertainment’s Profitable Quarter
For what it’s worth, AMC Entertainment’s revenue increased 15.6% year over year in 2023’s second quarter. The company posted $8.6 million in GAAP-measured net income, as opposed to the $121.6 million net loss from the year-earlier quarter.
This doesn’t mean AMC Entertainment is out of the woods yet, financially speaking. The company still reported negative free cash flow and, in terms of adjusted diluted non-GAAP EPS, AMC Entertainment reported a breakeven result for Q2.
Of course, Aron had to mention the blockbuster hit movie Barbie in AMC Entertainment’s quarterly press release. The CEO cited Barbie as a contributor to the current quarter’s “explosive start.”
This doesn’t mean AMC Entertainment is out of the woods yet, financially speaking. The company still reported negative free cash flow and, in terms of adjusted diluted non-GAAP EPS, AMC Entertainment reported a breakeven result for Q2.
Of course, Aron had to mention the blockbuster hit movie Barbie in AMC Entertainment’s quarterly press release. The CEO cited Barbie as a contributor to the current quarter’s “explosive start.”
Yet, it’s too soon for AMC Entertainment to declare victory in the third quarter. This quarter will undoubtedly be impacted by writers’ strikes. Besides, Barbie won’t likely be a top box-office draw for the entire three months.
The point is, investors shouldn’t be too quick to conclude that Barbie will “keep the party going” for AMC Entertainment. $AMC Entertainment(AMC.US$ $AMC Preferred Equity Unit(APE.US$
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